Use the empirical rule to estimate the number of farms


The mean value of land and buildings per acre from a sample of farms is $1400, with a standard deviation of $300. The data set has a bell-shaped distribution. Assume the number of farms in the sample is 76.Use the empirical rule to estimate the number of farms whose land and building values per acre are between $1100 and $1700.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Use the empirical rule to estimate the number of farms
Reference No:- TGS02161173

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)